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Property profile & analytics
FOR SALE
Industrial properties

12 E Forest Ave Ypsilanti, MI 48198

30,776 SF 2.56 ac lot Built 1830
Entity Owned 3-yr Hold Free & Clear
Property ID
US43-1357862
Property summary
AI-generated overview

This exceptional 58,925-square-foot industrial property presents a significant redevelopment opportunity in Ypsilanti, Michigan. Located at 12 E Forest Ave, this single-story warehouse boasts three loading docks and three dock-high doors, offering versatile space suitable for various manufacturing, distribution, or warehouse uses. Situated on 2.56 acres of land in the Depot Town submarket, this property benefits from a strategic location near the vibrant heart of Ypsilanti's revitalized Depot Town, offering high visibility and convenient access to Michigan Avenue and I-94. The property's proximity to the soon-to-be-redesigned Freighthouse Plaza further enhances its appeal and accessibility, promising significant growth potential. The zoning is PMD (Production, Manufacturing, Distribution), and the property features a convenient address on N Huron River Drive, with a cross street of Market Pl. The property's location in Washtenaw County, with an APN of 11-99-03-304-550 and zip code 48198, offers easy access to major transportation routes and a thriving local economy. This is an unparalleled chance to secure a substantial industrial space in a rapidly developing area. The entire 58,925 square feet is currently vacant, providing immediate occupancy.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1830
Total area 30,776 SF
Lot 2.56 ac (111,514 SF)
Zoning code SPLIT
APN 11-11-04-461-002
UPID US43-1357862
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$950k
Owner & transaction history
Ypsilanti Warehouse LLC · 3 yrs held
Ypsilanti Warehouse LLC
since 2023
Last sale
$650,000
4 recorded transactions
2023
$650,000
2014
$500,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SPLIT · Ypsilanti, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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